Global buyers of coking coal have remained quite bullish when securing feedstock. Specifically, in the latest round of negotiations a customer has been ready to pay $245/mt FOB Australia for a 80,000 mt cargo of premium low-volatility hard coking coal (HCCLV) Peak Downs, with October laycan, up $5/mt from the bid voiced at the end of last week. Meanwhile, a bid for 75,000 mt of premium mid-volatility hard coking coal (HCCA) has been voiced at $242/mt FOB Australia.
In the meantime, late last week a trade was done for 75,000 mt of premium mid-volatility hard coking coal (HCCA), with September 11-20 laycan at $234/mt FOB Australia.
Meanwhile, as of August 16, ex-Australia coking coal prices at Singapore Exchange (SGX) for August contracts rose by $5.17/mt to $232.67/mt, while for September contract prices increased by $4.83/mt compared to the previous levels to $248.33/mt.